GBPUSD Daily Forecast Dec 18 2014

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Uk min
Uk min

Outlook in GBPUSD has turned to the downside as long as 1.5785 resistance holds on a daily closing basis , support comes at the 1.5540 levels , losing this level would open 1.5470 next , a halt is likely , but a cut will pave the way towards the 1.5390 levels ahead of the 1.5300 levels.

On the upside , resistance comes at the 1.5690 levels ahead of the 1.5785 levels (main) , break of 1.5785 levels on a daily closing basis will reverse risk towards the 1.5850 levels ahead of the 1.5940 levels.

In all , as long as 1.5785 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5440 levels ahead of the 1.5470 levels, above the 1.5785 levels will reverse risk towards the 1.5850/1.5940 levels.

Intraday ; As long as 1.5698 resistance holds on a 4 hour closing basis , outlook remains on the downside , support comes at the 1.5540 levels where a cut will open 1.5470 levels , above the 1.5700 will turn outlook neutral and open 1.5800 levels before the next fall…

 

GBPUSD Daily Forecast Dec 18 2014

GBPUSD Daily Forecast Dec 18 _2014_daily

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